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EUR/USD pair corrected lower by the end of the last week

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD The EUR/USD pair corrected lower by the end of the last week, although the American dollar retains its long term negative tone against all of its major rivals. During this past week, commodity currencies were the biggest winners, fueled by improved market sentiment, as Chinese latest data was overall positive, with industrial production rising the most in almost a year. Industrial output rose 6.8% in March compared to a year earlier, while retail sales also beat market´s expectations,

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